Injective has started supporting native INJ deposits directly on Coinbase, using its MultiVM technology to make the connection possible. Users can now send INJ tokens from the Injective blockchain to their Coinbase accounts without needing to wrap them or use a third-party bridge.
What MultiVM does
MultiVM is Injective's interoperability layer that lets different blockchain environments talk to each other. By integrating it with Coinbase, the exchange can accept native INJ transactions rather than relying on an ERC-20 or BEP-20 representation. That cuts out extra steps and the fees that usually come with moving tokens across chains.
The setup also lowers the risk of bridge-related hacks. When users previously wanted to get INJ onto Coinbase, they often had to send a wrapped version through a separate protocol. Those protocols have been frequent targets for attackers. Native deposits sidestep that exposure entirely.
For anyone holding INJ, the change means faster deposits and fewer moving parts. Instead of swapping INJ for a wrapped token on another chain, waiting for confirmations, and then transferring again, they can send the asset directly from their Injective wallet to Coinbase.
The process also reduces transaction costs. Every bridge hop carries a fee, and those fees add up. By removing the middle steps, Injective's native deposit route keeps more of the user's money intact.
Injective's push for wider adoption
Coinbase is one of the largest exchanges in the world, and adding native INJ support gives the Injective ecosystem a direct on-ramp to a mainstream audience. The move follows other recent integrations aimed at making Injective assets easier to move and trade.
The team behind Injective has focused on building a network that can handle decentralized finance applications while staying compatible with major centralized platforms. This Coinbase integration is the latest piece of that strategy.
As of now, the native deposit feature is live. There is no word on whether Coinbase plans to extend similar support to other Injective-based tokens, but the infrastructure is in place.
